Sensex jumps over 500 points at open as Nifty crosses 24,300 on weak US jobs data and softer crude
AI Market Summary
A sharply weaker US June jobs print (57k vs 100k expected) is reinforcing expectations of a more accommodative Fed, pressuring the dollar and lifting risk appetite. Gold reacted strongly (spot +1.4%), while softer crude adds a tailwind for oil-importing emerging markets like India, supporting the Sensex/Nifty rally. Near-term focus shifts to rates repricing and cross-asset volatility around US macro data.
Impact level
● High
Affected assets
NCCOGOLD2USD/USDT-0.09%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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US nonfarm payrolls rose by just 57,000 in June, far below expectations of 100,000, strengthening bets that the Federal Reserve could shift toward an easier policy stance. Spot gold climbed 1.4% to $4,179.94 an ounce, while crude traded in the $71–$72 a barrel range and the dollar index weakened. Indian equities rallied at the open, with the Sensex up more than 500 points and the Nifty moving above 24,300.
